17 June 2024 | The Eve of Royal Ascot

Privat3 Money

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Privat 3 Money is the world’s first truly digital alternative to private banking. Founded in 2018 by Reda Bedjaoui, P3 was born out of a realisation that private banks did not fully understand or appreciate the digital needs and demands of a new generation of high-net-worth individuals. The digital offering currently provided by private banks was either inexistent or not fit for purpose and used archaic IT infrastructure creating inefficiencies and no flexibility.

P3 has reimagined access to deposits, payments, foreign exchange and trading for the digital age enabling financial transactions from anywhere in the world via smartphone. Clients control their financial life from the palm of their hand with a seamless and frictionless digital platform while maintaining a personal relationship with P3 that includes direct dialogue with a dedicated client manager and not via automated chat bot as offered by other digital banking platforms.

P3 clients have multi-currency accounts and benefit from instant use of physical and virtual cards provided by Mastercard. The premium Metal World Elite Debit Mastercard will soon give clients a range of membership rewards and benefits including a concierge service, airport lounge access and free wifi.

Users can apply for accounts using the P3 app irrespective of their jurisdiction, individual residency or nationality - subject to local regulations. P3 has the most in depth and efficient onboarding and activation process of any e-money institution or neobank as it utilises artificial intelligence and Know Your Client (KYC) verification software combined with personal relationship management. The firm also offers international personalised customer service with a dedicated team.

P3 is regulated by the UK’s Financial Conduct Authority (“FCA”) and has been issued with an electronic money licence. Its headquarters are in Mayfair, London where its relationship managers are based.

Visit the Privat3 Money website
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